rights issue, page-2

Yeh it frustrating mael, did the same thing.

Always got to be careful trying to pick the ultimate bottom on a free falling company. Im going to take up my full rights, and hopefully there production strategy will bring down the production cost and ramp up the amount of oz's they pull in.

It's hard to have faith in management with all this negative comments.

Bottom line mael is:

-They are producing gold at high cost, but with some extra cash they might be able to implement this new strategy of bringing down cost.

- 140000oz's pa, will be massive if they can achieve it, can you imagine the sp jump if they anounce that in 12months

Simple thing is that axm will hit new lows in sp upcomming weeks and you'd be mad to sell now. May as well give them this chance to prove them self, if things dont get better in 6-12months time then ill probaly cut my losses then.

dyor

Rag.